Hedge Funds’ Puerto Rico Bond Battle: Round Two

GoldenTree, Whitebox, and Taconic are winning, with Aurelius on the losing end.

Xavier Garcia/Bloomberg

Xavier Garcia/Bloomberg

It’s the Puerto Rico battle of the bondholders, round two. And once again, Aurelius Capital Management finds itself on the losing side.

Last year, Aurelius reached a settlement with a group of investment firms that led to a windfall for the competing creditors.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.